Software

Axway acquires Sopra Banking Software

Photo: Adobe Stock

September 20, 2024

Axway, an API software company, has acquired Sopra Banking Software. With this acquisition, Axway is positioned as a major enterprise software publisher in France in the banking sector, according to a press release.

The combined company will be headed up by Patrick Donovan as CEO and Eric Bierry as deputy CEO.

"We will be fully committed to this project, and I am convinced that, together, our teams will achieve outstanding success. Our brands are strong, our flagship products are recognized among the best in their markets, and our customer-centric business model, refined over several years of transformation, has proven its effectiveness. The operational work begins now, with the unwavering priority for both Axway and Sopra Banking Software remaining, as always, the success of our customers' projects," Donovan said in the release.

"Our industry-leading technology platforms and business software have a long and successful track record of driving the transformation of some of the world's largest banking and financial institutions, and this alliance significantly strengthens our positions, offerings, technologies and perspectives," Bierry said in the release. "This operation provides a major opportunity to accelerate our value creation for all our stakeholders through a new Group of critical size with tenfold capabilities. I am particularly pleased that our 5,000 employees, from 26 countries around the world, are seeing our entrepreneurial culture thrive through a project filled with compelling opportunities."